Question: please help asap Subject: Operations Research 2 Topic: Decision Analysis please solve it manually, do not use chatgpt 1) A local real estate investor in
1) A local real estate investor in Manila is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists, profits from the theater will be relatively stable under any conditions. The following payoff table shows the profits or loss that result from each investment: Determine the best investment, using the following decision criteria: a) Maximin b) Equal Likelihood c) Minimax Regret d) Ilurwicz (=0.40) e) Maximax f) What coefficient of pessimism should an investor so that he is indifferent on his decision to either invest in restaurant or theater
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